Yesterday Dollar/Yen made a moderate increasing movement. The currency couple reached a peak at 99.17, but closed the day lower at 98.79. On the 1 hour chart after hitting 99.66, USD/JPY corrected downwards to the 38.4% Fibonacci level before continuing its upward impulse. Short term signals are rising with the objectives towards the region of 100.40. The 99.65 resistance, however, may become double top. The CCI indicator is in the neutral zone of the 4 hour chart.
Technical resistance levels: 99.00 99.90 101.10
Technical support levels: 96.40 95.60 94.75
Trading range: 98.60 - 97.95
Sell at 98.48 SL 98.78 TP 98.08
Already made +31 pips profit on USD/JPY today from the following signal:
5:59 GMT Sell USD/JPY at 98.64 SL 98.90 TP 98.14 exited at 6:30 GMT.
Total today +158, yesterday +143, as shown at www.zifx.com/performance.php